Jogi Ankita

COM 501- INVESTMENT MANAGEMENT

Unit: 1 Introduction: Introduction to Investment, Investment vs. Speculation, Investment vs. Gambling, Investment Objectives, Investment Attributes, Investment Process, Nature of Financial Markets- An Overview, Investment Alternatives: Non-Marketable Financial Assets, Money Market Instruments, Fixed Income Securities, Equity Shares, Preference Shares, Debentures, Mutual Fund schemes, Insurance, Real Estate, Precious Objects, Financial Derivatives: Risk-Return Characteristics of these Instruments, Corporate Investments, Security Analysis vs. Portfolio Management, Portfolio Management Process, Functions of Stock Exchanges, Role of SEBI as a Regulatory Body, Stock Market Indices. Unit: 2 Security Analyses: Markets for Securities, Measuring Security Risk and Return, Components of Risk and Return, Equity Valuation: Fundamental Analysis: Economic, Industry and Company Analysis, Estimating Intrinsic Value of a Security, Efficient Market Hypothesis, Different Forms of EMH and Their Empirical Tests, Technical Analysis: Charting Tools, Market Indicators, Random Walk Theory, Bond Return and Valuation of Bonds. Unit: 3 Portfolio Management: Measuring Risk and Return of a Portfolio, Portfolio Diversification, Constructing an Optimal Portfolio: Markowitz Model, Sharpes Single Index Model, Portfolio Performance Evaluation Measures, Overview of Securities Market Report. Unit: 4 Asset Pricing Models: Capital Market Theory: Efficient Frontier, CML, SML, Capital Asset Pricing Model, Arbitrage Pricing Theory, Comparison and Empirical Applications of these Models. Unit: 5 Derivatives and Their Valuation: Hedging Instruments: Forward Contracts, Futures Contracts, Forward/ Futures Contracts, Options, Types of Options, Concept of Basis in Futures Market, Hedge Ratios, Warrants, Swaps, & Valuation of these Instruments

References:
1. Avadhani, V. A.: Securities Analysis and Portfolio Management Himalaya Publishing House. 2. Pandian Punithavathy: Securities Analysis and Portfolio Management Vikas Publishing House. 3. Prasanna Chandra: Investment Analysis and Portfolio Management Tata Mc. Graw Hill. 4. Fischer D. E. & Jordan R. J.: Securities Analysis & Portfolio Management PHI. 5. Ranganatham & Madhumathi: Investment Analysis and Portfolio Management Pearson Education. 6. Fabozz, F. J. : Investment Management PHI 7. Clark F. J.: Management of Investments PHI.

COM 502 TAX PLANNING AND MANAGEMENT

Unit:1 Introduction: Concept and Significance Tax Evasion and Tax Avoidance Methods of Tax Planning Unit: 2 Assessments of Individuals:        Concept and Objectives Residential Status Tax Planning for Salary Income Tax Planning for House Property Income Tax Planning for Individual Capital Gains. Tax Planning for Special Deductions and Exemptions. Tax Planning for Investments.

Unit:-3Tax Planning for Companies: Definitions and Types of Companies Residential Status of Company and Tax Planning.  Planning for capital formations and structures.  Tax Planning for Amalgamations and demergers etc.  Tax Planning for Deductions. Tax Planning for Capital Structure and Formation Dividend policy Inter Corporate Dividends and Bonus Shares Tax Planning For Amalgamation, Demergers and etc Tax planning for Capital Gains Planning for Deduction or Collection of Tax at Source Minimum; Alternate Tax (MAT) on Companies Tax planning for Wealth Tax on Companies Unit:4 Tax Planning and Managerial Decisions for Deductions: (i) Make or Buy (ii) Own or Lease (iii) Retain or Replace (iv) Export or Domestic Sales (v) Shut-down or closure (vi) Expand or Contract and (vii) Investment or Disinvest. Tax Provisions Relating to Free Trade zones Infrastructure Sector and Backward Areas Tax Incentives for Exporters Unit:5 Advance Payment of Tax and Interest:

Income Liable for Advance-Tax-Advance tax Liability-Interest Payable by Assesses or Government-Interest payable to assesses-Producer to be Followed to Calculate Interest Waiver or Reduction of Interest under: Section 234 A, 234 B and 234 C Power of Chief Commissioner to waiver Penal Interest Power of CBDT and Settlement Commission to Waiver Interest.

REFERENCES: 1. Dr. Vinok K. Singhania; Direct Laws Law and Practice, Taxmanns Publication. 2. T.N.Manoharam; Direct Tax Laws with Tax Planning Aspects, Sujatha Publications3S. Rajaratnam, Tax Planning, Bharat Publication. 3. Acharya Shuklendra, Tax Planning Under Direct Taxes, Modern Law House.

COM 503 MANAGEMENT CONTROL SYSTEMS

MANAGEMENT CONTROL SYSTEMS: 1. Introduction to Management Control: Systems: Nature of Management Control -Purpose of Management Control Systems - The Organizational Context of Managerial Control Systems - Adaptive Control Systems - The Formal Systems - The Informal Systems - The Subsystems and the Components of Control Systems Formal Control Process - Informal Control Processes. 2. Designing the Control Process and Managerial Controls: Introduction - Attributes of Systems - The Cybernetic Paradigm of Control - Designing Management Controls -The Control Process Hierarchy Communication Structures in Support of the Control Process - Impact of Information Technology on Control Systems. 3. (A) Key Success Variables and Measures of Performance: Identification of Key Success Variables - Key Success Variables and the Control Paradigm - Dynamics of the Control Process -Performance Indicators. (B) Design, Style and Culture of Control Systems: Managerial Styles and the Design of Control Systems - Corporate Culture and the Design of Control Systems Establish in; Customer-Focused Total Quality Culture. 4. Organizing for Adaptive Control: State Structure and Control - Decentralization ' Centralization - Evolution of the Matfl Structure - An Evaluation of the Control in the Organizational Design - Matrix Functional - Matrix structure and Striate planning - The Controller's Organization Adaptive Organization. 5. (A) Control of Multinational Operations:

Control Issues in the Multinational Corporatiion Central Role of Strategy in Control Systems Design for Foreign Operations Analysis of Foreign Investment Projects by MNCs Control Systems for Foreign Affiliates Transfer Pricing for Affiliates of a MNC Bu8dgeting for Foreign Affiliates of MNC. (B) Control of Non Profit Institutions: Introduction Growth Dynamics of Key Non Profits The Mission of NonProfits Key Success Factors Performance Measures Management Style and Culture Formal Control Process Rewards Communication Systems Informal Controls. (C) Control of Service Organizations: Introduction Implications for Management Control financial Institutions Professional Organizations Human Resource Accounting

REFERENCES: 1. Joseph A Maciariello & Calvin J. Kirby; Management Control Systems: Using Adaptive Systems to Attain Control, 2e, Prentice Hall India. 2. Robert N. Anthony & John Deardon; Management Control Systems: Tax and Cases, Irwin Inc. 3. Subhash Sharma; Management Control Systems: Tax and Cases, Tata McGraw Hill. 4. Gopal Madan; Control systems: Principles and Design, Prentice Hall, India. 5. ICFAI Center for Management Research; Management Control Systems.

COM -504 EA MANAGEMENT ACCOUNTING

1. Overview: Meaning and Definition of Management Accounting, Utility and Limitations of Management Accounting, Techniques or Methods of Management Accounting. Limitations of Financial Accounting and Cost Accounting. Differences between management accounting, financial accounting and cost accounting. 2. Relevant Information and Decision Making: Short run and long run decisions. Features of Relevant information Revenues and Costs. Relevant information and differential analysis. Precautions in decision making. Types of differential analysis decisions.  Make or buy  Drop or add  Sell or process further  Operate or shut down  Replace or retain  Buy or lease  In sourcing or Out sourcing  Special Orders 3. Linear Programming And Cost Accountant: Definition, Meaning, Characteristics, of LP, Meaning of Constraints and their influence on decision. Graphic Method Objective function line, Minimizing Cost, Limitations of LP 4. Performance Measurement:     Decentralization V/s Divisionalization Responsibility Centers Responsibility Accounting Different measures of financial performance: Variance Analysis;

Contribution Margin; Net Profit; ROI; RI; EVA.  None financial measures of performance 5. Strategic Management Accounting:  Definition  Techniques; Balanced Scorecard Target Costing Kaizen Costing Life Cycle Costing Theory of Constraints Bench Marking Activity Based management Just In Time

References: 1. Ravi M. Kishore; Cost and Management Accounting, Taxmanns Publications. 2. Jawahar Lal; Advanced Management Accounting, S.Chand Publications. 3. Paresh Shah; Management Accounting, Oxford Publications.

COM 505 EA/B/C CORPORATE FINANCIAL REPORTING

Unit: 1 FINANCIAL REPORTING: An Overview      Accounting and Economic Development Concept Objectives Users Qualitative Characteristics

Unit: 2 RECENT TRENDS IN FINANCIAL REPORTING: Introduction to Corporate Financial Reports, Meaning, Statutory requirements. Components of financial reports, Utility of corporate financial reports. a. Mandatory components analysis b. Voluntary components analysis Unit: 3 SPECIFIC ISSUES IN FINANCIAL REPORTING: i. Inflation accounting. ii. Human resource accounting iii. Social Accounting iv. Environmental accounting Unit: 4 SEGMENT REPORTING:      Nature Benefits Bases Merits and De-Merits Disclosure

Unit: 5 Tally Corporate Accounting only

Creating a company, writing of accounts with schedule, ratio analysis, budgeting, management control system, cash flow and fund flow statement analysis, analysis and managing of inventory. Theory, method and applications (Practical work is desirable should be under taken by the respective institute)

References: 1. T.P. Ghosh, Accounting Standards and Corporate accounting practices Taxman Allied Service Pvt. Ltd. 2. Anil Chaudhary; Fundamentals of Accounting and Financial Analysis, Pearson Education. 3. Ambrish Gupta; Financial Accounting for Management An Analysis Perspectives, Pearson Education. 4. P. Premchand Balu and M. Madan Mohan, Financial accounting and Analysis, Himalaya Publishing Stores. 5. J.R. Mongs; Fundamentals of Corporate accounting, Mayar Noida, Delhi 6. Prof. Jawaharlal, Corporate Financial Reporting, Taxmanns Publication.

COM 506-EA/B/C CORPORATE GOVERNANCE AND BUSINESS ETHICS

Unit: 1 Business Leaderships: Role of Business in Society- Economic Role and Social Impact of Business Entrepreneurs Role-Background & CharacteristicsLeadership and Self Awareness Leadership Styles Essential Components of Leadership Understanding Team Work and Leadership How Culture Constrains or Enhance Leaders Essential Leadership Skills Problem Solving and Decision Making Visionary Leadership Profile of Leaders Unit: 2 Business Ethics: Introduction to Business Ethics Ethics, Morals and Values Conflicts in Decision Making from Business Legal and Moral Points of View. Unit: 3 Corporate Responsibilities: A Historical Perspectives from Industrial Revolution to social Activism The Nature of Ethics in Management Ethical Problem as Managerial Dilemmas conflict Between Economic & Social Performance Complexity of Ethical issues Typical Problems in Business Ethics Pricing Advertising Product Promotion Working conditions Consumer Service Downsizing Workforce Environmental Pollution & Supplier Relations. Analyzing Ethical Problems Economic, Ethical and Legal Aspects Managerial Ethics and Individual Decisions Ethical Analysis-Ethical Dilemmas & Personal Career Unit: 4 Corporate Governance: Nature and Evaluation of corporate Governance Global and National Prospective Business Ethics and Corporate Governance, Why

Governance?-Claims of Various Stake Holders Owners, Employees, Customers, Creditors, Suppliers, Community, Government Business Standards and Values Anticipating & Avoiding unethical Consequences Selecting Ethical Goals Value Orientation of the Firm. Administering & Reporting of Corporate Governance in India SEBI Regulations Model; report on Corporate Governance in India.

Unit: 5 Corporate Governance Global Scenario: Corporate governance Global Practices Cadbury Report, OECD Committee Recommendations & SEBI Committee Recommendations Corporate governance Role & responsibilities of Directors and Shareholders. Dilemmas facing directors Defining Good Corporate Conduct Increasing Expectation from Directors.

References: 1. R.C.Shekhar; Ethical Choices in Business, Response Books. 2. LaRue Tone Hosmer; The Ethics of Management, Universal Books. 3. Warren Bennis, J.Parikh and R. Lessem; Beyond Leadership: Balancing Economics, Ethics and Ecology, Harper Collins. 4. ICFAI Center for Management Research, Business Ethics and Corporate Governance. 5. ICFAI Center for Management Research, Leadership and Entrepreneurship